Chuck Grassley doesn't understand progressive taxation

Democrats [say] that most small-business owners, whose profits flow
through to their personal income taxes, do not fall in the top tax
brackets. Overall, fewer than 2 percent do, according to the
nonpartisan Tax Policy Center, a joint project of the Urban Institute
and the Brookings Institution.

But Sen. Charles E. Grassley (R-Iowa), the senior Republican on the
Senate Finance Committee, argues that more than half of the most
successful small businesses -- those that employ between 20 and 500
workers -- would be targeted by Obama's rate increases.

It's true! A more progressive tax plan means that the most successful Americans with the highest incomes will pay more in taxes. I am somewhat surprised that this comes as a shock to the ranking member of the Senate Finance Committee.

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Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism. He was previously a fellow at The Atlantic and an editor at The Guardian.